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Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. I'll help you do that! The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.
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Now displaying: June, 2016
Jun 27, 2016

Kim Krompass: Day Trading For A Living With Price Action

 

In episode 46 of the Desire To Trade Podcast, I interview Kim Krompass, a Forex price action day trader and the woman behind the Price Action Traders Institute. She is the very first woman to be featured on the podcast.

During this interview, Kim shared a lot about her view on day trading vs. longer term trading. She also mentioned several times the importance of keeping things simple, a concept I totally agree with.

[bctt tweet="Perfectionism is the enemy of profit. - @priceactionkim" username="DesireToTrade"]

Question & Cheat Sheet - Kim Krompass

  • How Chris got introduced to Forex trading
  • How Kim turned her trading around and started seeing results
    • The important is to focus on behaviors you understand and make sure that they fit your criteria.
  • Why she prefers day trading
    • The goal is not to copy other people. That won't make you successful.
  • How much time Kim spends trading
  • The importance of a planning process
    • Kim plans her trade every morning starting at 6:00am PDT.
  • The benefits of day trading and the challenges to overcome
  • What simplicity means for Kim in trading
  • The lifestyle Kim gets out of day trading
  • The #1 mistake Kim's students make
    • It's about unnecessarily making things complicated.
  • The learning curve of a day trader
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Jun 20, 2016

The Power Of A One-Page Trading Plan

I resisted the idea of creating a trading plan for so long...

but the moment I finally came up with my first trading plan, I felt much better.

First, I no longer had to keep everything in my head as I used to do. Second, I had clear guidelines concerning what I was supposed to do.

The problem: that trading plan took 30 days to write and was huge. It was very hard for me to go back in that plan to check something.

A couple months ago, I came up with the idea of simplifying my plan on a single sheet of paper. The truth is, I've always been a fan of tracking checklists for their simplicity, but I wanted to bring the concept further.

As soon as I completed my One-Page Trading Plan, I posted it on my trading desk. I has made a huge difference. Instead of having a set of entry rules, I have everything I need to see on that plan.

In episode 45 of the Desire To Trade Podcast, I share about my experience with trading plans and tell you precisely how to create a powerful one-page trading plan.

[bctt tweet="Big trading plans bring confusion. Great traders have everything on one single page." username="DesireToTrade"]

What is discussed in this podcast episode?

  • I used to hate the idea of having a trading plan.
  • Most people you see online recommend a trading plan that looks like a business plan...it never worked entirely for me when it comes to executing.
  • How to create your one-page trading plan:
    • There are a few parts:
      • Vision (where you want to go with trading)
      • Context (time frames, trading times, instruments)
      • Trading strategy (signal, entry, exit)
      • Support (money management, implementation plan)
      • Examples (at the back of it)
  • Making a plan isn't enough, you must make it visible!

 

Download the One-Page Trading Plan

 

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Jun 13, 2016

Chris Lori: An Athlete Turned Into A Professional Forex Trader

I find it fascinating sometimes how traders vary in their backgrounds. Some had a regular job or came straight out of school. Others had nothing.

But, how about an athlete who re-oriented his career to trade as a professional Forex trader?

In episode 44 of the Desire To Trade Podcast, I interview Chris Lori, a former athlete who trained himself to become a professional Forex trader. Chris currently does workshops around the world and is very passionate about trading.

Over the course of this interview, Chris shared about his trading methodology, which consists of benefiting from decreases in volatility and periods of consolidations. We discussed the process of developing yourself as a trader while watching the charts. The one thing you should get from this interview is the crucial importance of having a development plan.

[bctt tweet="Focus on a development plan if you want to succeed as a trader - @chrislorifx" username="DesireToTrade"]

Question & Cheat Sheet - Chris Lori

  • How Chris got introduced to Forex trading
  • The power of price action and understanding price behaviors
    • The important is to focus on behaviors you understand and make sure that they fit your criteria.
  • Trading plans are good, development plans are better!
    • The goal is not to copy other people. That won't make you successful.
  • How to create your development plan (VERY powerful)
  • What you can do to improve instantaneously by yourself
    • It consists of watching the charts. You'll brain will develop itself that way. Make sure you do it properly (don't just sit and watch passively). Stay objective!
  • How to control your emotional state
  • The #1 advice Chris has to offer aspiring traders
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Show notes: http://wp.me/p6qxZI-RI

Get the FREE Complete Price Action Strategy Checklist!

Jun 6, 2016

The Great Advice From Market Wizards w/ Jack Schwager

If I were to ask successful traders the ONE book that influenced them and guided them through becoming traders, Market Wizards would definitely come up.

The book contains interviews with traders who are living off trading from around the world. It turns out to be packed with great lessons and highly inspirational.

In episode 43 of the Desire To Trade Podcast, I interview the legendary Jack Schwager, the author of Market Wizards and a number of different trading-related books that made a great impact in the world of trading.

The book Market Wizards has been recommended numerous times on the podcast. I myself read it several times.

Question & Cheat Sheet - Jack Schwager

  • The new project Jack is currently woking on (more information)
  • How Jack got involved into trading and the results of it
    • Full list in Top 5 News Releases You Should Care About As A Forex Trader
  • How Market Wizards was written
    • Putting in the work every day from morning to night!
  • The biggest lesson anyone can take from Market Wizards
  • The #1 advice Jack has to offer aspiring traders
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Read the show notes

Get the 5 Crucial Insights About Trading Psychology That Will Make You A Better Trader for free!

 

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